Myles Udland — A major psychological shift is occurring across markets and the economy

Summary:
Markets and the economy are increasingly being characterized by one word: certainty. This is likely to worry some investors and market watchers who see over-confidence in the future as a sign that things are about to change. On Wednesday, the latest consumer sentiment survey from the University of Michigan indicated that while overall confidence in the economy is sitting right near a 13-year high, “what has changed recently is the degree of certainty with which consumers hold their economic expectations.”... Yahoo FinanceA major psychological shift is occurring across markets and the economyMyles Udland | Markets Reporter

Topics:
Mike Norman considers the following as important: confidence, expectations, uncertainty

This could be interesting, too:

Mike Norman writes Uncertainty — Brian Romanchuk

Mike Norman writes Why Rate Expectations Dominates Bond Yield Fair Value Estimates — Brian Romanchuk

Mike Norman writes The Effects of Uncertainty on Economic Outcomes — On the Economy

Mike Norman writes Lars P. Syll — a question of economic methodology